Santander Extends CARS Certification Deadline

29 September 2017 – Through a memo circulated last week, it appears as though Santander has extended their deadline for CARS certification to November 1, 2017 from its prior deadline of October 1st. The memo states that a formal notice of this is pending from Santander themselves. Included in the memo is a request to identify agencies who have refused to comply the certification mandate for the purposes of identifying gaps in coverage.

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Convicted Murderer Charged in AL Repo Assault

William Greer, 45, ex-con now charged with fleeing the scene of an accident with personal injuries.

Alexander City, AL – 28 September 2017 – The repossessor accused of injuring a woman during a repossession in Alexander City, Alabama has been identified as an ex-convict who served 25 years in prison after being convicted of murder, armed robbery and escape. He again faces felony charges.

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AL Woman Suffers Injuries During Repo

Alexander City, AL – 27 September 2017 – An Alexander City woman was taken to the hospital Tuesday afternoon due to injuries that police say apparently happened while her vehicle was being repossessed. Just after 2 p.m. Alexander City Police and fire medics from the Alexander City Fire Department were called to K Street in Alexander City on a report of a pedestrian being run over by a vehicle.

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RISC Promo Offer to TexasARP Members

FOR IMMEDIATE RELEASE

9/27/17 – For the next 60 days (9/26/2017 to 11/25/2017) As a TexasARP member you will receive…  

One year of RISC Associate membership valued at $595.00.   RISC Associate membership provides a 15% discount along with access to the entire suite of RISC compliance, training, and business docs at no additional charge. If you are Texas based and purchased RISC CAN or an Associate membership within the last 60 days (7/26/2017 to 9/25/2017) and if you join TexasARP you will receive a credit for one CARS program valued at $300.00. 

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Repo Agent’s Truck Struck by Gunfire

Mobile, AL – 26 September 2017 – Mobile Police report that on Sunday, September 24, 2017, at approximately 11:30 p.m., officers responded to the area of Brucewood Drive West in reference to shots fired. The victim told officers that he had an active repossession order at the location and that the vehicle owner came outside and told the victim to get off his property.

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Important Bankruptcy Rule Changes – Live Webinar!

FOR IMMEDIATE RELEASE

Don’t forget that we will be presenting a webinar this coming Thursday, September 28, to address the new bankruptcy “proof of claim” rules that will take effect later this year.  During the program we will also talk about other aspects of the claim process, including some of the most frequently made errors.  For more detail about the webinar, click here.

On December 1, 2017, important changes to the rules relating to bankruptcy “proofs of claim” will take effect. Those changes include new filing deadlines, new obligations for secured creditors and new methods a debtor may use to oppose a claim.

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2017 Credit Union Repossession and Remarketing Summit

November 8 – November 10, 2017

Riverton Country Club

Cinnaminson, New Jersey

FOR IMMEDIATE RELEASE

The Credit Union Repossession and Remarketing Summit 2017 will be the premier credit union educational event of the year. Industry leaders will be speaking on the topics that are of extremely high importance to the Credit Union collections industry. Situated just minutes from city center Philadelphia at the historic and scenic Riverton Country Club, this seminar will be tailored to address credit unions specifically, and the day-to-day challenges they face with collections, collateral repossessions, and the remarketing of collateral. You are guaranteed to walk away with insight and knowledge you previously did not previously have, or your admission will be refunded.

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I’M DONE! – Final Words from an Agency Owner

EDITORIAL

As the repossession industry continues to experience downward price pressure and continuous unreasonable demands from lenders and forwarders, we are saddened by the closing of yet another repossession agency. Below is a recent post made by the owner of one such agency.

 

Fellow owners I’m DONE. I got in this business when I was 21 years old and was getting paid MORE per repo, fuel was .88 cents a gallon insurance wasn’t even ten thousand per year and a brand new rollback was $52k. Trucks are now $100k fuel is 2$ @ a gallon, insurance is $60k and repo fees are down and now they have stripped us of any way to earn.

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Getting Back to the Point – The Heart of the Santander CARS Mandate Editorial

EDITORIAL REBUTTAL

Our initial editorial titled “Santander Demands CARS Certification – The Contingent Fee Contradiction” we addressed the issue of Santander/Chrysler demanding that all of their approximate 700 agencies be CARS Certified. Despite our extreme efforts to distance any blame on RISC, CARS or Joe Taylor, Stamatis Ferrolis or Mark Lacek, all of their editorial responses focused solely upon their defense. It seems like either they all miss the point or perhaps they agree with us and just can’t say it?

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